THE SOCIALIST REPUBLIC OF VIET NAM
Government News
VN reserves 57,000 tons of rice more
VGP – Việt Nam on April 26 started purchasing additional 57,581 tons of rice to pile up its national reserve stock.
Under a new decision signed recently,
the PM assigned the Ministry of Finance to afford the purchase by using the
Reserve State Budget 2010 and the Aid Budget Estimation 2009.
Illustration photo
Until the moment, at least 100,000 tons of rice have been added
to the country’s rice reserve stock.
The Vietnamese Food Association (VFA) reported that its 30
member enterprises have already bought in 1 million tons of rice, aiming at stabilizing
market price for the Winter-spring crop in the Mekong Delta. By March 19, most
of VFA enterprises purchased at least 790,000 tons of rice.
Meanwhile, the country’s rice export turnover of this month
recorded by VFA stands at 380,798 tons, equivalent to nearly US $179
million. The figures for the period from
January 1 to April 22 was nearly 1.7 million tons or US $786 million.
By Trinh Nguyen